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Help with accounting questions and please show steps that leads to the final answer Question 3 follow up question. .Calculate membership fees that will appear
Help with accounting questions and please show steps that leads to the final answer
Question 3 follow up question.
.Calculate membership fees that will appear in Statement of receipts and payments for the year ended 30 September 2018
Question 1 The following information appears in the financial records of Bobo Traders.. Total sales = R1200 000 Opening debtors control balance = R120 000 (dr) . Closing debtors control balance = R150 000 (d) Calculate the cash received from customers' amount? Question 2 The following information is extracted from the financial records of Mia Dealers. Balances: Opening long term liability R20 000 (0) Closing long term liability R50 000 (c) Required: Calculate the creditors' amount. Question 3 The following information was extracted from the financial records of Amazon Book club for the year ended 30 September 2018. The membership fee for the club is R50 per year or part thereof. There were 200 members in 2017 and the membership fees in arrears at the beginning of 2018 for 2017 amounts to R250. Membership fee's received in cash during 2018 are as follows: - For 2017: R 150 - For 2018: R 12 000 - For 2019: R 750 The management gave instructions to write off the outstanding membership fee's regarding 2017 as irrecoverable, and cancel the memberships. The 50 new members that joined the club during 2017 paid the R30 per year entrance fees in cash. What is the membership fees that will appear in the Statement of income and expenses for the year ended 30 September 2018Step by Step Solution
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